began about a year ago when a handful of like-minded traders began
exchanging stock ideas on the Chatzy platform. They had great mutual
respect for each other's talent and a shared interest in taking
advantage of the day trade and swing trade opportunities in the small cap
space. Each of these early moderators also shared a generosity and
willingness to pass along their experience to help new traders, so rules
were adopted to allow new traders to join in provided they adhere to
strict rules of conduct. The chat stream is kept clean because members
who have learned the rules know what is acceptable and valuable to the
group, and refrain from chatting or posting nonsense or non-stock ideas.
the group expanded, traders who consistently posted stock ideas which
were timely, thoughtful, and valued-added, and who demonstrated
extraordinary talent for trading, and an unselfish attitude, were
invited to become moderators. This talent pool has grown from the
original group of five to over 16 moderators, each adding value to the
stream with their individual trading styles.
Post your best chart idea for the coming week. Long, Short, Penny, or Large Cap just give us your idea. Winner will be announced each week on twitter. Get your entry in by 9 pm est Sunday night with a chart link. Stock must be over .50 and no bb issues.
I joined your room on day 1 and have learned so much. I went from losing
quite a bit of money to currently being profitable 17 of the last 20
days. That happened after I took a step back and decided how I wanted to
trade. Momo trading made me too nervous. I'd sell too quickly and bag
hold losers. When someone like xxxxxx would sell his 200k worth I'd be
too late; even if I scaled. That left me taking a loss or breaking even
on a slightly profitable trade. So I took a page from
your playbook and started looking for entries that left me in a
position I felt confident in. If they don't work I'm out and onto the
next. In doing so, I have become so familiar with a couple of stocks
that I feel at ease scalping them most every day. This works for me.
Anyways, I hope this reinforces the good you are doing. I lost a few
thousand in the beginning (I call it tuition money), only to feel like
it was my second best investment- after getting guidance from you,
momotrader, and Sandman. Thank you. -Tom
can't say enough great things about the Screen Share Room. It is very
interactive and a great way to learn. Bman is a great teacher and
mentor. He is an honest, down to earth individual, and I appreciate all
of his time, energy, and effort in sharing
John...Great vision, logic and uncanny ability to identify the significant few from the insignificant many....
Chris...The wealth of knowledge that is being handed down to the lucky attendees is unsurpassed by any chat room.
Lisa....I have been in your screen share room the past 2 days and wanted to tell
you how much I love your teaching and commentary. I have learned more
in the past 2 days than I have in a year!
Marco.... excellent fast alerts off the scanner. great tape reading
Ro... Concise, to the point, and able to explain whats going on. Love your
vision and thanks for your effort. And yes, I agree. No chasing as it
magnifies the odds of blowing your acct up.
Ryan... One of the best chatrooms I have ever been in. There is an immense
amount of teaching on a daily basis. I hope to continue learning from
Bman for 20 years.
Trading is a marathon not a sprint. Often time’s new traders allow one bad day to alter not only their trading styles,
but their emotions as well. In order to be a successful trader you have
to learn to put tough trading days in their place. Do you think every
game Michael Jordan lost; he then went home and changed his entire style
of play. When Tiger Woods has an off day, do you think he immediately
calls his swing coach to develop a new swing strategy?
Set Daily Limits
Have a maximum amount of money you are willing to risk per day as a part of your day trading
activities. Base this number on your comfort level. If in the
unfortunate event this number is hit, immediately stop trading. You can
always get it back on another day. For example, let’s say you are
comfortable risking $500 per day. But, then you break this rule and end
up losing $1,500. How do you think this will make you feel? Set a number
you can live with and forget about everything else.